The Digital Multimeter Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Digital Multimeter Market?
The Digital Multimeter Global Market Report 2025 indicates a stable growth trend. The market size has escalated from $1.15 billion in 2024 to $1.19 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Digital Multimeter Industry?
By 2029, the digital multimeter market is projected to reach a size of $1.37 billion, with a compound annual growth rate (CAGR) of 3.6%.
Download Your Free Sample of the 2025 Digital Multimeter Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Digital Multimeter Market?
The key drivers in the digital multimeter market are:
• Upturn in the renewable energy sector
• Initiation of green technology projects
• The process of globalization and standardization
• Enhanced focus on safety and compliance measures
Global Market Segmentation: Identifying Major Digital Multimeter Industry Segments
The digital multimeter market covered in this report is segmented –
1) By Product Type: Handheld, Bench-Top, Mounted, Other Product Types
2) By Ranging Type: Auto-ranging, Manual
3) By Industry Vertical: Consumer Electronics, Automotive, Power Generation, Healthcare, Other Industries
Pre-order the 2025 Digital Multimeter Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Digital Multimeter Market?
The key trends in the digital multimeter market are:
• Smart and connected multimeters are becoming a significant trend.
• Advanced measurement capabilities are emerging as a crucial aspect.
• The adoption of remote and cloud-based data storage systems is growing.
• The market is being shaped by rapid technological advancements.
Who Are the Top Competitors & Leading Players in the Digital Multimeter Market?
Major companies in the digital multimeter market are:
• Danaher Corporation
• Agilent Technologies Inc.
• Tektronix Inc.
• Keysight Technologies Inc.
• Yokogawa Electric Corporation
• Milwaukee Tool
• Rohde and Schwarz GmbH and Co. KG
• National Instruments Corporation
• Fluke Corporation
• Craftsman
• Adlink Technology Inc.
• HIOKI E.E. Corporation
• Mastech Digital Inc.
• Greenlee Tools
• Ideal Industries Inc.
• Teledyne LeCroy Inc.
• TPI Corporation
• Etekcity
• Giga-Tronics Incorporated
• Rigol Technologies Inc.
• GW Instek
• Amprobe
• AEMC Instruments
• Simpson Electric Company
• Sanwa Electric Instrument Co. Ltd.
• B&K Precision Corporation
• Extech Instruments Corporation
• Chauvin Arnoux Group
• Gossen Metrawatt GmbH
• AstroAI Corporation
• Innova Corporation.
Regional Dominance: Which Area Leads the Global Digital Multimeter Market?
Asia-Pacific was the largest region in the digital multimeter market in 2024
